W&T Offshore Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: WECCB4CBB00BEN
BAC Reports

Abstracts

W&T Offshore Inc. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between W&T Offshore Inc. and its competitors. This provides our Clients with a clear understanding of W&T Offshore Inc. position in the Energy Industry.

• The report contains detailed information about W&T Offshore Inc. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for W&T Offshore Inc.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The W&T Offshore Inc. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes W&T Offshore Inc. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of W&T Offshore Inc. business.

About W&T Offshore Inc.

W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploitation, exploration, and development of oil and natural gas properties in the Gulf of Mexico.

The company has interests in leases covering approximately 0.9 million gross acres (0.6 million net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama. As of December 31, 2009, its total proved reserves included 371.0 billion cubic feet equivalent.

Properties

Ship Shoal 349 Field: Ship Shoal 349 field is located off the coast of Louisiana, approximately 235 miles southeast of New Orleans, in 375 feet of water. The company owns a 100% working interest in this field. As of December 31, 2009, 22 wells had been drilled, of which 13 had been successful.

Main Pass 108 Field: Main Pass 108 field consists of Main Pass blocks 94, 102, 106, 107, 108, and 109. This field is located off the coast of Louisiana approximately 50 miles east of Venice in 50 feet of water. The company working interests in these blocks range from 33% to 100%. As of December 31, 2009, 51 wells had been drilled in this field, of which 37 were successful

Brazos A-133 Field: Brazos A-133 field is located 85 miles east of Corpus Christi, Texas in 200 feet of water. The company owns a 25% working interest.

West Delta 30 Field: West Delta 30 field is located approximately 6 miles off the coast of Louisiana in 40 feet of water. The company’s interests in this field are in West Delta Block 29. The company has drilled a total of 17 exploration and development wells,. Its working interests in these wells range from 37.5% to 100%.

Green Canyon 646 Field: Green Canyon 646 field is located approximately 150 miles south of New Orleans, Louisiana, in 4,200 feet of water. The company owns a 60% working interest in the field and is the operator of the field.

East Cameron 321 Field: East Cameron 321 field is located approximately 97 miles off the Louisiana coastline in 225 feet of water. As of December 31, 2009, 75 wells had been drilled of which 57 had been successful. The company owns a 100% working interest in the field and is the operator of the field.

Mobile 823 Field: Mobile 823 field is located off the coast of Alabama in approximately 60 feet of water. It is a natural gas field comprising two OCS blocks, Mobile Blocks 822 and 823. The company owns a 12.5% working interest. ExxonMobil operates the majority of the field. It operates one well, a Miocene Luce sand discovery.

South Timbalier 228 Field: South Timbalier 228 field is located 50 miles off the coast of Louisiana in approximately 220 feet of water and includes South Timbalier blocks 229 and 230. The company is a 100% working interest owner in this field. It has drilled six wells since becoming operator.

Ship Shoal 208 Field: Ship Shoal 208 field is located approximately 50 miles off the coast of Louisiana in 96 feet of water and includes Ship Shoal block. The company owns a 64.5% working interest in the field and is the operator of the field.

Mustang Island 889 Field: Mustang Island 889 field is located approximately 20 miles southeast of Corpus Christi, Texas in 30 feet of water. The company has a 50% working interest in the F-1 well, which was drilled to a total depth of 13,500 feet in 2005 and was completed in the S Sand.

Drilling Activity

During 2009, the company participated in the drilling of 10 gross exploratory wells and 3 gross development wells, of which 12 were on the conventional shelf and 1 was on the deep shelf.

Customers

The company sells its oil and natural gas to third-party purchasers. Its major customers include Shell Trading (US) Co.; J.P. Morgan Ventures Energy Corp.; and Chevron Corp.

Dispositions

In 2009, the company sold one of its fields in Louisiana state waters, and 36 non-core oil and natural gas fields in the Gulf of Mexico.

History

W&T Offshore, Inc. was founded in 1983.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. W&T OFFSHORE INC. COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. W&T OFFSHORE INC. BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. W&T OFFSHORE INC. SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. W&T OFFSHORE INC. FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. W&T OFFSHORE INC. COMPETITORS AND INDUSTRY ANALYSIS

5.1. W&T Offshore Inc. Direct Competitors
5.2. Comparison of W&T Offshore Inc. and Direct Competitors Financial Ratios
5.3. Comparison of W&T Offshore Inc. and Direct Competitors Stock Charts
5.4. W&T Offshore Inc. Industry Analysis
5.4.1. Energy Industry Snapshot
  5.4.2. W&T Offshore Inc. Industry Position Analysis

6. W&T OFFSHORE INC. NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. W&T OFFSHORE INC. EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. W&T OFFSHORE INC. ENHANCED SWOT ANALYSIS²

9. UNITED STATES PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. W&T OFFSHORE INC. IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. W&T OFFSHORE INC. PORTER FIVE FORCES ANALYSIS²

12. W&T OFFSHORE INC. VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

W&T Offshore Inc. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
W&T Offshore Inc. 1-year Stock Charts
W&T Offshore Inc. 5-year Stock Charts
W&T Offshore Inc. vs. Main Indexes 1-year Stock Chart
W&T Offshore Inc. vs. Direct Competitors 1-year Stock Charts
W&T Offshore Inc. Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

W&T Offshore Inc. Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
W&T Offshore Inc. Key Executives
W&T Offshore Inc. Major Shareholders
W&T Offshore Inc. History
W&T Offshore Inc. Products
Revenues by Segment
Revenues by Region
W&T Offshore Inc. Offices and Representations
W&T Offshore Inc. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
W&T Offshore Inc. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
W&T Offshore Inc. Capital Market Snapshot
W&T Offshore Inc. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Energy Industry Statistics
W&T Offshore Inc. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
W&T Offshore Inc. Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?